Seed Coating Materials Market to Grow at an 8.1% CAGR Forecast to 2022

Wednesday, May 4th, 2016

According to researcher, the Global Seed Coating Materials Market is accounted for $1.1 billion in 2015 and is expected to reach $1.90 billion by 2022 growing at a CAGR of 8.1% during the forecast period. Rising demand for food due to the growing population, leading to escalating worth of seed coating materials and increasing technological innovation in the agriculture are the key factors driving the market growth. On the other hand, strict government rules and complexity in discarding of treated seeds are the factors hampering the market.

Cereals and grains segment commanded the largest market share owing to high consumption of cereal and grains across the globe. In requisites of revenue, North America is anticipated to be leading market in seed coating material market followed by Europe. Growing demand of packaged food and beverages with health benefits is anticipated to sustain the demand for market among food products across the region.

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